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BR locations of Hancock Fabrics to close, part of corporate shutdown
BATON ROUGE - The two locations of Hancock Fabrics in the capital area will close as the fabrics and crafts chain shutters all of its stores.
There are six locations scattered between Baton Rouge, New Orleans and Houma. All will close, the Associated Press reported Friday. There are 185 stores total.
A bankruptcy court approved a sale of the business to another company, which offered about $65 million for Hancock Fabrics' assets. Great American already had begun the process of closing 70 stores identified as under-performing locations by Hancock, which filed for Chapter 11 reorganization in early February.
The store closures will begin soon, and procedures have been put in place, allowing their liquidation to begin as soon as possible. On the company's website, as much as 50% off sales are advertised online and at store locations.
In Baton Rouge, the Hancock locations are in the Drusilla Shopping Center and Sherwood Forest Plaza.
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